Rs 10 lakh crores as credit to farmers is a good news for the agri and allied sector players
Budget's fiscal consolidation efforts will lead to stable economic growth of the country
Abolition of FIPB to ease flow of FDI is a good move which will speed up the process
Investment in electronics sector will trigger an inspection & assembly related market for robots
Budget's proposal to frame new rules for regulating medical devices is reassuring, says Viral Gandhi
Domestic industry says it encourages imports with all duties such as BCD, CVD, etc being waived off
However, there are no remarkable announcements that the logistics sector can bank on
Knowledge-driven services for agriculture can bring a revolution in the way farming is practiced
Reduction in corporate tax rates for MSME to give a boost to medium and small companies
Budget's proposal to reduce basic customs duty on LNG to provide respite to petrochemicals sector
However, there are no significant steps for enabling access of feedstock to petrochemicals industry
Move to reduce corporate tax for MSME will boost exports & manufacturing at large
Lagging behind in biosciences is not good for social security and strategic national security
Niche sectors such as robotics, will benefit hugely from skill development programs
Some steps to cover recycling cost of end-of-life product would have helped e-waste recycling sector
The fact that impact of demonetisation will not spill over to the next year augur well for industry
However, this will require investments in grid management and digitisation of the grid
More spends on the infrastructure & agriculture will put India on the growth path in the future
Focus on infrastructure is bound to channel lot of growth opportunities for downstream industries
Harmonisation of rules for medical devices will have a positive impact for healthcare sector